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Brent oil price awaits more rise – Analysis - 24-01-2024
Brent oil price fluctuates around 79.50 level, noticing that stochastic attempts to get rid of its negative momentum, waiting to get positive motive that assist to push the price to resume the expected bullish wave on the intraday basis, which targets testing 81.00 as a next station, reminding you that breaching this level will lead the price to achieve additional gains that reach 83.87.
The EMA50 continues to support the suggested bullish wave, noting that it is important to hold above 77.44 to achieve the waited targets.
The expected trading range for today is between 78.20 support and 81.20 resistance.
The expected trend for today: Bullish
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